The hospital is a joint venture between St. Louis-based RehabCare Group and Methodist Medical Center in Peoria.
Greater Peoria Specialty Hospital will fill a void for long-term acute-care in the area and is expected to save Peoria hospitals $20.5 million in one year, according to the report.
The 60,000 square-foot, $26 million facility is expected to employ 150 people when it reaches its full capacity.
Read the Journal Star‘s report on the Greater Peoria Specialty Hospital.